The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-01-04
CONDITION OF THE MARKETS.
Wheat Develops Increased Strength and
Rules Steady During the Day.
Corn Opens Firm and Higher, but Declines
and Closes Weak-0ats steady, and With
out Change-ProvisiOns Fairly Active.
MONEY, BONDS AND STOCKS.

Stocks Moderately Active but Irregular-Fair
business in Railway Bonds
NEW YORK, Jan. 3.-Money on call was quiet
taos per cent, closing at per cent.
Prime mercantile paper, Cal per cent
Sterling exchange was quiet but steady at
a. 80. for sixty days, and $4 "a for demand.
The total sales of stocks to-day were 800, 1897
shares, including the following Canada South
ern. $3.50; Delaware Lackawanna g. Western,
80, 9O6; Erie, -, $40; Kansas & Texas, 1880;
Lake Shore, Il, $50; Louisville & Nashville. 49,,
1876; Missouri Pacific, 1920; Northwestern 3, 100
New Jersey Central, 81, 500; Reading, 62, 600; St
Paul, Is, 400; ST. Paul & Omaha, G, $3.50; Texas &
Pacific, 1850; Union Pacific 9O00 Western
Union, 80 545: Richmond 6, West Point, AZ 900
Hooking Valley, 3,735.
Government and State bonds were dull and
steady.
The stock market was moderately active only,
most of the business being done in spots. There
wss little or no foreign trading, the closeness of
the two markets leaving no margin for arbitrage
business. The coal stocks and the Southern
stocks monopolized most of the interest and
many rumors in regard to the latter were circu-
lated, although tho statement that General AL
eXdnu6r was pfacucaIy sure OF an eleCUlOn TO the
presidency Of the Georgia Central railroad was
the most important item OF news. the sentiment
being that closer relations with Richmond &,
West Point would. follow, and the latter, which
had been noticeaby weak, became the strongest
stock in the list There was very little doing in
she grangers and Vanderbts, although
sE.he latter were helped somewhat by
the Nickel-piate decision. Late in
the day Western Union a feature, being
active and strong throughout, the Improvement
being accompanied by the renewal of rumors of
developments favorable to the company The
ing advances of / to over Fridays closing
figures. There WIS active trading during the
first hour, and the dealings were accompanied
by considerable fevershness and irregularity
The entire market finally yielded. Richmond &
West Point being especially noticeable for the
decline established. The same state of affairs
continued, with several short reactions, unit
after ! p. NJ, when general upward move
ment took place. which gathered force
toward the close, and the marke
closed moderately active and strong close
to the best prices reached Sales 500 837 shares
Reading furnished 62,Go0; Richmond G. Yves
Point, AZ, 900; Lacka~anna IS. COG, and Jersey
Central q, 500. The net result of the days
transactions is that majority of stocks ar,
smaller fractions higher than on Friday evening
There were only two important advances-Jer
eey Central. Z, and Reading IL.
There a moderate business in railroad
bonds. Sales, 81, 469 900. The decision In tn,
Nickel plate case made the bonds of the latte
company the special feature, and the trust re
ceipts. on u total business of $27S, 900, decline,
II per cent, to S92, while the seconds decline,
per cent, TO 20. Denver Il Rio Grande four
we're also conspicuously active Fluctuations il
the general list were slight and final prices shoy
irregular changes. Denver 81 Rio Grande
Western assented, rose 2, to 76, and Green Bal
irsts. 5. TO 100. Closing quotations were: